Stock Groups

Which Industrial Stock is a Better Investment? By StockNews


© Reuters. Honeywell and 3M: Which is the better industrial stock?

Continued progress on the vaccination front, favorable policies, and rising demand should keep driving the industrial sector’s growth. Popular industrial stocks like Honeywell (NYSE:) and 3M Company(NYSE:) will see significant sales growth over the next few months. What stock do you think is the best buy? You can read more about Honeywell International Inc. (NASDAQ) and 3M Company, (MMM), two of the most well-known industrial companies. HON is a global technology and manufacturing company. The company operates through four segments — Aerospace; Honeywell Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. MMM manufactures and markets products all over the world.

The company also operates through four business segments — Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The company sells its products via traditional wholesalers and retailers as well as through jobbers and distributors. It also offers direct to customers.

With solid progress made on vaccination, the sector’s industrial activities have seen a recovery. Rising demand for advanced equipment, machinery, and supplies should drive the sector’s growth. Both HON as MMM will benefit. In terms of the past year’s performance, HON is a winner with a 34.9% gain versus MMM’s 13.4% return. What stock do you think is the best? Let’s find out.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are provided by market makers. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.